Ukraine Kicks Off Safeguard Investigation Into Tricone Drilling Bits, WTO Says

Ukraine launched a safeguard investigation on tricone drilling bits Oct. 13, it notified the World Trade Organization, the WTO said Oct. 22. The investigation will cover drilling bits with working parts other than natural or artificial diamond, "regardless of the country of origin and export." Ukraine cited substantial evidence from a national producer that documented increased imports of the subject merchandise could cause injury to the domestic producer. Ukraine's Ministry of Economy will conduct a registration of interested parties within 30 days from the publication of its Oct. 11 notice of the decision to conduct the inquiry.